Page 123 - Latest Updates on Reserve Bank of India
End may be in sight for global interest rate-hike cycle as Fed nears peak
The short-lived peak for global rates, according to a gauge calculated by Bloomberg Economics, will be 6% in the third quarter. By the end of next year, that measure is seen dropping to 4.9%
 "End may be in sight for global interest rate-hike cycle as Fed nears peak")
RBI simplifies CIC application form, prunes list of documents required
But it reserves the right to call for any further documentation beyond the mandated 18
 "RBI simplifies CIC application form, prunes list of documents required")
India's overnight swap market pricing in rate cuts before 2023 end: Experts
OIS rates, often seen as the clearest indication of future policy rate actions, are interest rate derivative products that move as per the expectations of rate trajectory
 "India's overnight swap market pricing in rate cuts before 2023 end: Experts")
Indian Overseas Bank raises FD rates; senior citizens to get 7.75% interest
This announcement is in line with the Reserve Bank of India's decision to keep the repo unchanged at 6.5%
 "Indian Overseas Bank raises FD rates; senior citizens to get 7.75% interest")
Home loan rates over Rs 75 lakh to get dearer as risk weight rises again
Risk weight back to pre-pandemic level of 50%
 "Home loan rates over Rs 75 lakh to get dearer as risk weight rises again")
Weekend Bites: Pause not pivot, GDP, Doge, and litti-chokha for thought
In which we munch over the week's platter of news and views
 "Weekend Bites: Pause not pivot, GDP, Doge, and litti-chokha for thought")
RBI estimate too optimistic, will pivot to rate cuts in October: Nomura
Japanese brokerage Nomura on Friday said Reserve Bank's 6.5 per cent real GDP growth estimate for FY24 is too optimistic, and the central bank will pivot to rate cuts from October
 "RBI estimate too optimistic, will pivot to rate cuts in October: Nomura")
Foreign exchange reserves at $578.45 bn, snaps 2-week rise, shows RBI data
A comfortable level of foreign exchange reserves will further bolster macroeconomic stability, RBI Governor Shaktikanta Das said while announcing the bank's monetary policy decision on Thursday.
 "Foreign exchange reserves at $578.45 bn, snaps 2-week rise, shows RBI data")
It's just a pause, not a pivot, says Shaktikanta Das on RBI's status quo
FY24 inflation projection cut to 5.2%; growth forecast at 6.5%
 "It's just a pause, not a pivot, says Shaktikanta Das on RBI's status quo")
Realty, auto firms expect demand to remain intact after RBI holds rate
Sales in the affordable segment (units priced below Rs 40 lakh) dipped between 2019 and 2022 and further in the first quarter of 2023, said Anuj Puri, chairman of Anarock
 "Realty, auto firms expect demand to remain intact after RBI holds rate")
Portal for unclaimed deposits across banks to be ready in 3-4 months: RBI
The deposits remaining unclaimed for 10 years in a bank are transferred to the 'Depositor Education and Awareness' (DEA) Fund maintained by RBI
Reserve Bank of India goes for a hawkish pause
The RBI has paused because it wants to evaluate the cumulative impact of the past rate hikes
 "Reserve Bank of India goes for a hawkish pause")
A prudent comma, not a myopic full stop!
The RBI has not used the word stickiness in its policy statement while characterising core inflation, but instead used "unyielding core inflation"
 "A prudent comma, not a myopic full stop!")
An unexpected pause
Inflation remains significantly above the target
Households in India expect inflation to moderate, find RBI surveys
Inflation expectations over the next three and 12 months declined by 30 basis points each in its March round of surveys, from the January round, the Reserve Bank of India said
 "Households in India expect inflation to moderate, find RBI surveys")
Industry associations welcome RBI decision to pause interest rates
After six consecutive hikes aggregating 250 bps, RBI hits a pause
 "Industry associations welcome RBI decision to pause interest rates")
Int'l banking system is headed for more trouble, says Raghuram Rajan
His comments add to warnings that the troubles at SVB and Credit Suisse are indicative of deeper underlying problems in the financial system
 "Int'l banking system is headed for more trouble, says Raghuram Rajan")
RBI's decision of not changing repo rate in line with expectations: Experts
The repo rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022
 "RBI's decision of not changing repo rate in line with expectations: Experts")
Sensex up 144pts, Nifty nears 17,600 as RBI pauses hike; realty stocks jump
CLOSING BELL: Shaktikanta Das said the move was only "a pause and not a pivot"
 "Sensex up 144pts, Nifty nears 17,600 as RBI pauses hike; realty stocks jump")
RBI may pause on rate hikes at next meet also: ICICI official Prasanna
The central bank's surprise decision to hold its key repo rate steady, at 6.5 per cent